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Company Interview Excerpt
BRAD MITCHELL - CHAINDRUGSTORE.NET
Full article published: 12/20/2004    


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TWST: Would you give us an overview of what you do?
Mr. Mitchell: ChainDrugStore.net is a Web-based communication network connecting product manufacturers with the retailers of those products in the retail pharmacy space. So our pharmaceutical manufacturer customers include GlaxoSmithKline, AstraZeneca, Eli Lilly, and Bristol-Myers Squibb. In fact, we have 40 Rx manufacturers representing about 45% of all prescriptions dispensed in the US on a dollar basis on the ChainDrugStore.net network. On the other side of our network are 200 retailers and wholesalers representing 39,000 stores including CVS, Rite Aid and Cardinal Health.

TWST: Typically on a day, what is the volume of transactions that you conduct?
Mr. Mitchell: ChainDrugStore.net does not execute transactions. We facilitate the transaction, but we do not execute the transaction. We are purely an informational vehicle. The way to think about it is that ChainDrugStore.net is a component of the information supply chain. So we don't move product, we don't execute transactions, but we help inform the transaction because our service, the product information that flows through ChainDrugStore.net, improves the retail buyer's decision making process.

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For more information call (212) 952 7400. The Wall Street Transcript does not endorse any of the comments made by interviewees, and does not make stock recommendations.

 

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